Eniro presented announcement of an underwritten rights issue of nearly one billion crowns on Friday 6 February this year. It got preference shares, which guarantees dividends, leaps like a spear
But the preference share trip up had already started before the announcement, which had both the Stockholm Stock Exchange, the Financial and Economic Crimes Bureau to respond.
– I received the report from the Financial Supervisory Authority on 11 February. This applies to trading in Eniro’s preference shares before a press release on 6 February on an issue. I have launched a preliminary investigation because it indicates that someone knew something, says Arne Fors, Prosecutor of the Economic Crime Authority.
What are the connections to the company?
– We do not know yet. Investigators vacuums right now after couplings.
But there is more suspicion that someone acted on insider trading in Eniro. SvD Business can tell you that in addition to the newly launched preliminary investigation of preference shares trade going on it is some time another preliminary investigation, even if the suspected insider trading in Eniro.
“The investigators vacuums currently looking for partnerships”
Arne Fors, prosecutors, Economic Crimes Bureau.
The investigation file including trade for the report on July 16 last year, when the share price plummeted around 30 percent, and before September 5, when the company confirmed SvD Enterprise data of suspected accounting irregularities.
Since the former is an ongoing investigation into suspected offenses in connection with Eniro’s inflated accounting SvD Business could reveal last autumn. The Company has filed a police report, the former CEO Johan Lindgren.
Eniro’s share has dropped like a stone on the Stockholm Stock Exchange, only since the end of the course has been halved. Today’s low of SEK 3.92 is far from highs of 64 per share in March 2014.
Preference Shareholders have every reason to draw a smile. It is up 37 percent just the last ten trading days.
No comments:
Post a Comment